sellers market

Seller’s marketbuyer’s market and balanced market are terms that are typically used to describe the real estate marketplace. Understanding each will help you to better appreciate what is happening in the real estate market and how you might approach the market if you are looking to buy, sell or rent. 

permits

Renovations are a popular way to update a tired or dated property, whether for your own enjoyment or as a way to potentially add to a property’s resale value. It is important to know that renovating a condo is much different from renovating a detached property.

conditional offer

This is an interesting and important question that both buyers and sellers should consult with their salespersons to fully understand before entering negotiations.

foreclosure

Property sales due to lender foreclosure are often also referred to as a distress bank sale, or sometimes confused with a power of sale. A foreclosure sale is a method available to lenders, banks and non-traditional lenders to cover the unpaid mortgage. 

condo

Downsizing may provide you and your partner with some added cash to help fund your retirement. However, you would be wise to speak with a financial adviser or estate planner to establish a plan that will support your needs and lifestyle preferences.

That you are thinking about amenities tells me that you are off to a good start in identifying the condominium lifestyle that will cater to you and your partner’s specific needs and preferences.

My sibling and I want to buy a home together

As real estate in certain regional markets heats up, more and more buyers are exploring the option of joint ownership. Doing so definitely has possible upsides – especially when it comes to funding the down payment and balancing carrying costs.

For the benefit of all readers, Joint Ownership is defined as a situation in which two or more persons (individuals or corporations) co-own a property.

Basement Rental Apartment

Many homes advertise “income potential” or “lower level unit” which can be a very attractive incentive for some buyers. Renting out a portion of a property is one approach property owners can enlist to help pay down mortgages and increase investment returns. It is important to plan carefully and become familiar with the relevant codes, laws, risks, obligations and requirements before diving into residential rental property ownership and management.

Alongside the potential to generate income, there are risks associated with renting out a basement apartment in a home that isn’t zoned for one, or that contravenes municipal or provincial codes.

sell home

This is an age-old question, and one that anyone considering buying or selling should give careful consideration. The good thing is, there is no right or wrong answer – just the one that is right for you.

flower gardens

Landscaping can be a powerful motivator when it comes to buying a home. A property’s “curb appeal” can make or break your impression of the home’s appeal. 

The question is, are the perennials considered part of the home that you have bought?